Welcome to our dedicated page for Lgi Homes news (Ticker: LGIH), a resource for investors and traders seeking the latest updates and insights on Lgi Homes stock.
LGI Homes, Inc. (NASDAQ: LGIH) is an established homebuilder focused on the design, construction and sale of new homes, and its news flow offers insight into both operational performance and community development activity. Regular press releases cover home closings by month and quarter, active selling community counts and segment-level performance, giving investors and observers a detailed view of how many homes the company is delivering and where it is concentrating its efforts.
News items frequently highlight quarterly and year-to-date financial results, including home sales revenues, home closings, average sales prices, gross margins, adjusted gross margins, backlog and liquidity metrics. These updates are often paired with commentary from management on strategy, demand for entry-level and attainable housing and expectations for future closings and community counts.
Beyond earnings-related announcements, LGI Homes publishes news on new community openings and product launches. Recent examples include new single-family communities in Florida, new floor plans in Utah and townhome communities in Minnesota, as well as limited-release luxury communities offered through its Terrata Homes division. Such releases describe floor plans, included upgrades, community amenities and pricing ranges, giving context on the company’s product mix and geographic reach.
The company also announces national sales events and promotional campaigns, outlining incentives, financing opportunities and builder-paid closing cost offers across LGI Homes and Terrata Homes communities. Together, these news updates provide a comprehensive view of LGI Homes’ growth, community pipeline and positioning in the U.S. homebuilding market, making the LGIH news page a useful resource for tracking the company’s ongoing activity.
LGI Homes (NASDAQ: LGIH) announced the closure of 571 homes in June 2024, and a total of 1,655 homes during the second quarter of 2024. By June 30, 2024, LGI Homes had 128 active selling communities. The company will release detailed financial results for Q2 on July 30, 2024, before market opening. A conference call will follow at 12:30 p.m. Eastern Time to discuss the results, with a live audio webcast accessible via the Investor Relations page on their website. The webcast will be archived for replay for one year.
For the second consecutive year, LGI Homes (NASDAQ:LGIH) has been named one of the Best Companies to Work For by U.S. News & World Report for 2024-2025. The recognition is based on attributes such as quality of pay, stability, and comfort. LGI Homes excelled in the Construction industry and the South Region of the United States. Eric Lipar, Chairman and CEO, attributed this achievement to the company's dedication to creating a positive workplace. The U.S. News ratings consider factors like work-life balance, benefits, job stability, and career development. The 2024-2025 list expanded to 549 companies and incorporates employee sentiment data from partners like Revelio Labs and Good Jobs First.
LGI Homes (NASDAQ: LGIH) has announced the opening of McCormick Place, its first community in Baltimore, Maryland. Located 7 miles from downtown Baltimore in the Rosedale area, McCormick Place offers upgraded townhomes starting in the $360s. These townhomes feature three bedrooms, two-and-a-half bathrooms, an attached one-car garage, and a covered porch. Future plans include one and two-story single-family homes. Each home comes with LGI Homes' CompleteHome™ package, which includes stainless-steel Whirlpool® kitchen appliances, granite countertops, designer wood cabinetry, vinyl plank flooring, and a Wi-Fi enabled garage door opener. Prospective buyers can schedule a visit by calling or visiting the company's website.
LGI Homes (NASDAQ: LGIH) has launched a new community, Conners Landing at Mirror Lake, in Villa Rica, Atlanta. This development features homes ranging from 1,601 to 2,231 square feet with prices starting in the $330,000s. The community offers amenities such as a park with a playground, pavilion, grills, and benches, set to open in Fall 2024. Houses come with the CompleteHome™ package, including granite countertops, energy-efficient Whirlpool® appliances, and Wi-Fi-enabled garage door openers. LGI Homes emphasizes the city's growth due to its proximity to Atlanta, enhancing residents' quality of life. Interested buyers can visit the sales center daily or schedule tours online.
LGI Homes (NASDAQ: LGIH) has announced the opening of a new community in Buckeye, Arizona, called Mayfield. This development features affordable, upgraded homes with prices starting from the $330s. Mayfield offers five floor plans ranging from 1,115 to 2,269 square feet, with homes including 3, 4, and 5-bedroom options. Each home in Mayfield comes with LGI's CompleteHome™ package, which includes stainless-steel Whirlpool® appliances, granite countertops, designer wood cabinetry, and more. The community will also feature over $5 million in future parks and amenities. The information center is open daily, and interested buyers can schedule appointments via phone or the LGI Homes website.
LGI Homes has launched its latest community, Westport Landing, in Jacksonville, Florida, with homes starting in the $340s. This development features seven floor plans ranging from 1,604 to 2,938 sq ft, offering 3 to 5 bedrooms and 2 to 3.5 bathrooms. Homes come equipped with upgraded features such as Whirlpool appliances, smart-home technology, and professionally landscaped yards. Residents will enjoy amenities including a community center with a pool, basketball courts, a playground, and a multi-use field. The community is conveniently located near downtown Jacksonville.
LGI Homes (NASDAQ: LGIH) announced the launch of its new community, Eagle Landing, in Tacoma, Washington, on June 12, 2024. This 63-lot community is located just 6 miles from downtown Tacoma and offers homebuyers affordable, upgraded homes close to both Tacoma and Seattle. Eagle Landing features amenities like a neighborhood park, playground, nature preserve, and walking trails. The homes, ranging from 1,157 to 2,378 sq ft, come in five different floor plans and include LGI's CompleteHome™ package with modern appliances and energy-saving features. Prices start from the $490s.
LGI Homes (NASDAQ: LGIH) has launched sales for new homes in the Rosewood Estates community in Lytle, Texas. Located near I-35, the community offers upgraded, affordable homes starting from the $230s. Home options range from two to five-bedroom floor plans, including features like granite countertops, stainless steel appliances, and Wi-Fi-enabled garage door openers. Amenities such as a soccer field, walking paths, playgrounds, and a splash pad are also planned. Move-in ready homes and $0 down payment options are available. For more information, visit LGIHomes.com/RosewoodEstates or call (833) 690-1207 ext 304.
LGI Homes (NASDAQ: LGIH) celebrates National Homeownership Month this June, highlighting its commitment to affordable homeownership. Since 2003, LGI Homes has helped over 70,000 families achieve homeownership. The company emphasizes educating buyers about the financial and personal benefits of owning a home, despite current affordability challenges. Throughout June, LGI Homes will feature stories and testimonials from current homeowners. CEO Eric Lipar states that the company continues to make homeownership attainable for many. LGI Homes operates in 36 markets across 21 states and has been recognized for its quality construction and customer service.
LGI Homes (NASDAQ: LGIH) announced on June 5, 2024, that it closed 579 homes in May 2024.
As of May 31, 2024, the company had 130 active selling communities.